pHBD-USDC is Now Live! | HBD is About to Get a $5,000,000 Liquidity Pool
If you're reading this post, then you'll notice that one of our most anticipated features has OFFICIALLY gone from soon to now. pHBD (Polygon Hive-Backed Dollar) is now live on https://polycub.com/farms.
This marks a vital milestone both for PolyCUB and for HBD and the Hive Ecosystem.
TLDR;
- pHBD Contract Address: 0x6d969cea201e427d2875724fd4e8044833fbc7f4
- pHBD Wrapping UI: https://wleo.io/hbd/
- Add Liquidity: https://app.sushi.com
- Pool LP Tokens: https://polycub.com/farms
- Trade pHBD: https://app.paraswap.io/#/?network=polygon
- Our Press Release Partners are working on articles to promote pHBD and HBD as the longest-standing algo-stablecoin!
- Questions? https://discord.gg/E4jePHe
ICYMI: the Hive witnesses recently raised the HBD Fixed Interest rate to 20% on-chain.
This means that anyone can stake HBD on-chain and earn a fixed yield of 20%.
They solved Demand but only one problem remains: Supply. Personally, I tried to go out and buy over $150k worth of HBD and it was impossible to find a market to do that. I had to put out tweets and go OTC to get as much HBD as I could.
This needs to be fixed if the Hive ecosystem wants to attract the DeFi world of whales, stablecoin yield hunters and all of the massive value that comes along with it. Look no further than Terra and UST to see how important that is.
Anchor is one of the many reasons that UST and Terra (LUNA) are so successful. A simple way to stake / provide liquidity and earn yield.
PolyCUB aims to be that for the Hive ecosystem and HBD token. With pHBD, our goal is to create a $5m+ liquidity pair for HBD.
This signifies the largest liquidity source for HBD. We believe that pHBD will be the #1 route to trade and accumulate a position in Hive-Backed Dollars and we need your help - the Hive community - to make this a reality.
How to Wrap and Unwrap HBD & pHBD
It's easy! We actually radically improved the UI but it works identically to pLEO:
Head over to https://wleo.io/hbd/ and you'll see the new and improved wrapping and unwrapping UI:
To wrap:
- Enter your receiving Polygon Network Address
- Enter the Amount of HBD to send
- Hit transfer and confirm with Hivesigner or Hive Keychain
To unwrap:
- Enter your receiving Hive Username
- Enter the Amount of pHBD to send
- Hit transfer and confirm with Metamask
pHBD Trading is Now Live!
You can now trade any coin for pHBD on the Polygon network. We're working on exchange listings and DeFi aggregator listings for pHBD which will rank it on official token lists. First, we need liquidity, then we can make these listings happen so people can find it more easily.
For now, you need to input the pHBD contract address directly on Sushiswap or (Our recommendation) Paraswap in order to trade pHBD:
pHBD contract address:
- 0x6d969cea201e427d2875724fd4e8044833fbc7f4
Steps:
- Visit Sushiswap or Paraswap
- Click "Select Token"
- Paste "0x6d969cea201e427d2875724fd4e8044833fbc7f4"
- Approve pHBD
pHBD-USDC LP is Now Live!
To add liquidity:
- Visit https://app.sushi.com/
- Add pHBD Contract address in one side
- Add USDC in other side
- Approve
- Add Liquidity
To LP on PolyCUB.com and earn yield:
- Visit https://polycub.com/farms
- Enable LP
- Deposit LP Tokens
- Fee for deposits are currently ~0% but will not remain that way forever 🦁
Bullish PolyCUB, HBD and Hive
This is so bullish for PolyCUB, HBD and Hive.
- PolyCUB's Protocol Liquidity is earning 0.1 HBD + 0.25% on every wrap and 0.25% on every unwrap
- HBD is getting the largest source of much needed liquidity to supply a new wave of Hive ecosystem users
- Hive ecosystem needs HBD to gain mass adoption. Liquidity is the final hurdle to making that possible
We have a lot of content to push out today:
- mechanics behind pHBD
- Guides and tutorials on how to use it
We wanted to get this post announcing the release into your hands first. The in-depth tutorials will follow!
Questions?
Leave them below. There will be tons of tutorials today and if you write one on https://leofinance.io, we'll have some gifts sent to your Hive account ;)
Posted Using LeoFinance Beta
.
LeoFinance is always given to adding value to every blockchain is leverages.
Posted Using LeoFinance Beta
It is leveraging previous activities against what was done. That is the incredible thing.
Posted Using LeoFinance Beta
This is awesome, I may not be in poly.. YET I am all for more use cases of HBD and locking it up. Glad to see more demand and I MAY have to put a few bucks in.
Posted Using LeoFinance Beta
That is the bottom line. We are going to need dozens of use cases for HBD. Commerce, collateralization, lending, and liquidity pools are just a few of the use cases.
Posted Using LeoFinance Beta
This is a very massive one coming , honestly all this are reason why HBD keeps on looking so interesting to invest on at this present time.
Posted using LeoFinance Mobile
very soon, very nice
Posted Using LeoFinance Beta
Massive one towards the HBD,it keeps on getting interesting day by day
This is really nice happening in the blockchain as it is beneficial and profitable as more HBD are been stored in savings for the 20% interest applied when saved likewise the pHBD as well all moving in a progressive state.
Posted Using LeoFinance Beta
Sweet. Great to see it go live, didn't expect it as soon. Time to wrap some HBD and throw it into that pool. Congratulations and amazing work team
Posted Using LeoFinance Beta
Really the team did a great job. They do great things for the community.
Posted Using LeoFinance Beta
The sooniverse is truly a majestic creature, wasn’t expecting it so soon. Okay, so this is good to utilize, the risk is almost close to 0.1% because pHBD and USDC are both StableCoins.
Posted Using LeoFinance Beta
Wow,this is definitely great another reason to give more time to stable coin right away
Wow! Congratulations to leofinance for yet again launching and wonderful way to earn and also promote this community.
I’m sure the engagement on this newly launched will be good.
I should quickly check this out.
Posted Using LeoFinance Beta
Nice one hear once more, getting more HBD now is more important than ever before
The much waited announcement concerning pHBD/usdc is finally here. Thanks for the detailed steps on how to go about providing Liquidity. This would be massive
Posted Using LeoFinance Beta
Hell yeah! See ya on the moon, bois
Posted Using LeoFinance Beta
Finally it's here. Nice to see a way the supply for hbd would be addressed. Cheers to the future of HBD, Polycub and the hive ecosystem.
Posted Using LeoFinance Beta
Damn that was too soon
Posted using LeoFinance Mobile
Finally the long awaited day has come, it's really exciting. Now is the time to review how it's done and join PHBD-USDC early.
Posted Using LeoFinance Beta
This might have been the soonest sooniverse update ever! lol
That being said though this is a huge leap for Hive and HBD along with providing a wealth of power and flexibility to Polycubs Defi platform on the Polygon(Matic) network.
Posted Using LeoFinance Beta
Huuuuuuu! Lemme get my first few HBDs into the pool. I never expected this coming today, was looking at Three days from now.
Thanks for this value added to HBD and the Hive blockchain at large. Let's get to start earning passive bucks pooling pHBD on Polygon for 40% APY.
Posted Using LeoFinance Beta
https://twitter.com/FinanceLeo/status/1515023673832493060
https://twitter.com/skyline_king88/status/1515024526173736967
https://twitter.com/metodologiaecs/status/1515263949264068608
The rewards earned on this comment will go directly to the person sharing the post on Twitter as long as they are registered with @poshtoken. Sign up at https://hiveposh.com.
Cool, i am in, lets go 🚀🚀🚀🚀🚀.
Posted Using LeoFinance Beta
Trading pHBD on Hive is good. It will also make more people to know about HBD.
Posted Using LeoFinance Beta
The awareness will be great no doubt
Posted Using LeoFinance Beta
Thank you
Posted Using LeoFinance Beta
In spite of all of these zeroes ...
... have done my part of helping this initiative along!
As well as reblogged this post, for a wider audience, to help get this LP to the objective TVL of $5M! 🦁🚀
Posted Using LeoFinance Beta
Whoa! Impressive how quickly you guys moved with this one! On my way to the interface to have a look at it...
Posted Using LeoFinance Beta
Why people do not want to buy hbd?, Why you do not got 150k of this very easily, maybe people know the potencial of Hive AND do not want to Sell it, waiting for prices going to go to the moon, great you are providen a great amount of hbd líquido to all the comunity.
Why would the price of HBD moon? It is a stablecoin since it is not meant to moon-that defeats the purpose.
As for why, there is not a lot of HBD out there. The float is very tight.
Posted Using LeoFinance Beta
Ohh sorry i want to said the price of hive go to the moon, for this reason people do not chances the hive for hbd consider that the hive go to the moon, sorry for mistakes.
Ah ok. No problem @galberto.
Yes HBD can really help HIVE go up in price. We still have a lot of work to do and need to have use cases for HBD.
Right now the most important use case is for HBD to generate more HBD.
Posted Using LeoFinance Beta
Thank you sr.